Solasia Pharma K.K. Stock Forecast
Solasia Pharma K.K. stock downgraded to Hold/Accumulate
(Updated on Jun 26, 2024)
The Solasia Pharma K.K. stock price fell by -3.45% on the last day (Wednesday, 26th Jun 2024) from JP¥29.00 to JP¥28.00. During the last trading day the stock fluctuated 3.57% from a day low at JP¥28.00 to a day high of JP¥29.00. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -2 million shares and in total, 1 million shares were bought and sold for approximately JP¥35.26 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -4.79% during the next 3 months and, with a 90% probability hold a price between JP¥22.73 and JP¥28.06 at the end of this 3-month period.
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4597.T Signals & Forecast
The Solasia Pharma K.K. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at JP¥28.00 and JP¥27.66. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, May 27, 2024, and so far it has fallen -6.67%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Solasia Pharma K.K. stock
Solasia Pharma K.K. finds support from accumulated volume at JP¥27.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved JP¥1.00 between high and low, or 3.57%. For the last week, the stock has had daily average volatility of 4.42%.
Our recommended stop-loss: JP¥26.35 (-5.88%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 47 days ago.)
Trading Expectations (4597.T) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Solasia Pharma K.K. to open at JP¥28.33, and during the day (based on 14 day Average True Range), to move between JP¥26.34 and JP¥29.66, which gives a possible trading interval of +/-JP¥1.66 (+/-5.92%) up or down from last closing price. If Solasia Pharma K.K. takes out the full calculated possible swing range there will be an estimated 11.85% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at JP¥29.00 (3.57%) than the support at JP¥27.00 (3.57%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Solasia Pharma K.K. stock A Buy?
Solasia Pharma K.K. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: -0.881 Hold/Accumulate Downgraded
Predicted Opening Price for Solasia Pharma K.K. of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| JP¥28.33 ( 1.19%) | JP¥28.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 4597.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 29.33 | 4.76% |
| R2 | 28.95 | 3.40% |
| R1 | 28.72 | 2.55% |
| Price | 28.00 | |
| S1 | 27.95 | -0.174% |
| S2 | 27.72 | -1.02% |
| S3 | 27.33 | -2.38% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 32.00 | 14.29% |
| R2 | 30.00 | 7.14% |
| R1 | 29.00 | 3.57% |
| Price | 28.00 | |
| S1 | 27.00 | -3.57% |
| S2 | 26.00 | -7.14% |
| S3 | 25.00 | -10.71% |
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